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Last 1,666 GBp
Change Today +10.00 / 0.60%
Volume 1.8M
As of 11:35 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

sse plc (SSE) Snapshot

Open
1,662 GBp
Previous Close
1,656 GBp
Day High
1,672 GBp
Day Low
1,657 GBp
52 Week High
05/19/15 - 1,696 GBp
52 Week Low
08/1/14 - 1,426 GBp
Market Cap
16.5B
Average Volume 10 Days
2.5M
EPS TTM
0.55 GBp
Shares Outstanding
993.1M
EX-Date
07/23/15
P/E TM
30.1x
Dividend
98.22 GBp
Dividend Yield
5.82%
Current Stock Chart for SSE PLC (SSE)

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sse plc (SSE) Details

SSE plc generates, transmits, distributes, and supplies electricity in the United Kingdom and Ireland. It also produces, stores, distributes, and supplies natural gas, as well as is involved in energy portfolio management activities. The company generates electricity from gas, oil, coal, water, and wind. It operates in three segments: Networks, Retail, and Wholesale. The company’s electricity networks transmit and distribute electricity to approximately 3.7 million businesses, offices, and homes through approximately 130,000 kilometers of overhead lines and underground cables; and gas networks distribute gas to approximately 5.7 million homes, offices, and businesses through 75,000 kilometers of gas mains. It also supplies electricity and gas to approximately 9.1 million households and businesses under the SSE, Scottish Hydro, Southern Electric, SWALEC, Atlantic, and Airtricity brands. The company owns or has an ownership interest in approximately 11,665 megawatts of generation capacity. In addition, it provides street and highway lighting; designs, builds, owns, and operates networks for electricity, gas, water, and heat; network capacity, bandwidth, and data center services through 13,700 kilometers of fiber optic cable, leased lit fiber, and microwave radio networks, as well as 17 data centers; and water and sewerage services. Further, the company offers energy-related products and services, including home services, such as gas boiler, central heating and wiring maintenance and installation, telephone line rental, and calls and broadband services; supplying, installing, maintaining, and reading meters in the household, commercial, industrial, and generation sectors; and domestic, commercial, and industrial mechanical and electrical contracting, and electrical and instrumentation engineering services. SSE plc was incorporated in 1989 and is based in Perth, the United Kingdom.

Founded in 1989

sse plc (SSE) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: 702.0K GBP
Finance Director, Executive Director, Member ...
Total Annual Compensation: 594.0K GBP
Compensation as of Fiscal Year 2014.

sse plc (SSE) Key Developments

SSE Announces Closure of Ferrybridge Power Station

SSE announced that the company has taken the difficult decision to close Ferrybridge Power Station by March 31, 2016. Costs at the power station have been rising due its age and environmental legislation, and it is forecast to lose £100 million over the next five years. This financial situation, combined with the political consensus that coal has a limited role in the future, means keeping the station open is not sustainable. SSE will work closely with its 172 Ferrybridge employees to redeploy them to other sites where possible, including at its nearby Keadby Gas Fired Power Station which will be returned to service; provide retraining where possible; offer voluntary release on enhanced terms; and do everything it can to avoid compulsory redundancies.

SSE plc Reports Preliminary Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Capital and Investment Expenditure Guidance for the Fiscal Year 2016; Recommends Final Dividend for the Year Ended March 31, 2015, Payable on September 18, 2015

SSE plc reported preliminary consolidated earnings results for the year ended March 31, 2015. For the period, the company’s revenue was £31,654.4 million against £30,585 million a year ago. Operating profit was £985.9 million against £848.8 million a year ago. Profit before taxation was £735.2 million against £592.5 million a year ago. Profit attributable to ordinary shareholders of the parent was £543.1 million or 55.2 pence per diluted share against £323.1 million or 33.3 pence per diluted share a year ago. Net cash from operating activities was £1,958.3 million against £2,428.4 million a year ago. Purchase of property, plant and equipment was £1,345.3 million against £1,432.3 million a year ago. Purchase of other intangible assets was £241.8 million against £403.8 million a year ago. Adjusted profit before tax was £1,564.7 million against £1,551.1 million a year ago. Adjusted profit after tax was £1,339.9 million against £1,314.4 million a year ago. Adjusted earnings per share were 124.1 pence against 123.4 pence a year ago. Adjusted net debt as on March 31, 2015 was £4,197 million against £5,456.0 million as on March 31, 2014. Unadjusted net debt as on March 31, 2015 was £4,588.4 million against £5,836.1 million as on March 31, 2014. Investment and capital expenditure fell by 6.8% to £1,475.3 million. Capital and investment expenditure totalled £1,475.3 million, compared with £1,582.5 million in the year before. The company expects that its capital and investment expenditure will total around £1.75 billion in 2015/16 and investment expenditure will total around £1.75 billion in 2015/16, with the principal reason for the increase being in Electricity Transmission, where construction work on the link between Caithness and Moray is getting under way, and total around £5.5 billion (net) over the four years to 31 March 2018.  The Board of the company is recommending a final dividend of  61.8 pence per share, to which a Scrip alternative is offered, compared with 60.7 pence in the previous year, an increase of 1.8%.  This will make a full-year dividend of 88.4 pence per share which is an increase of 2% compared with 2014/15. The dividend will be payable on September 18, 2015, record date is July 24, 2015 and ex-dividend date is July 23, 2015.

SSE Seeks Acquisitions

SSE plc (LSE:SSE) is continuing the robust investment appraisal process to identify potentially suitable acquisition targets.

 

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Industry Analysis

SSE

Industry Average

Valuation SSE Industry Range
Price/Earnings 31.5x
Price/Sales 0.5x
Price/Book 2.8x
Price/Cash Flow 26.0x
TEV/Sales 0.5x
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